Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) — Stock Correlations & Overview
Over the past year, GOTU has moved most closely with TAL, PGJ, CWEB. Explore the stocks most correlated and inversely correlated with GOTU below, along with its price, financials, and company profile.
Stocks correlated with GOTU
Correlation of daily returns. Higher positive values move with GOTU; negative values move opposite it. Informational only, not investment advice.
Most correlated with GOTU
| Symbol | Company | Correlation |
|---|---|---|
| TAL | TAL Education Group | 0.49 |
| PGJ | Invesco Golden Dragon China ETF | 0.40 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.39 |
| KWEB | KraneShares CSI China Internet ETF | 0.37 |
| EMQQ | EMQQ The Emerging Markets Internet ETF | 0.37 |
Most inversely correlated with GOTU
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.32 |
| BITI | ProShares Short Bitcoin ETF | -0.31 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.30 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.30 |
| VBIL | Vanguard 0-3 Month Treasury Bill ETF | -0.29 |
Frequently asked questions about GOTU correlations
- Which stocks are most correlated with GOTU?
- Based on one year of daily returns, the stocks most correlated with Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) are TAL (0.49), PGJ (0.40) and CWEB (0.39). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GOTU?
- Over the past year, the stocks most inversely correlated with Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU) are YANG (-0.32), BITI (-0.31) and FXP (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GOTU correlations calculated?
- We compute the correlation of daily returns between GOTU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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